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Rivian (RIVN) Stock Trades Down, Here Is Why
Shares of electric vehicle manufacturer Rivian (NASDAQ:RIVN) fell 4.8% in the afternoon session after Cantor Fitzgerald analysts downgraded the stock's rating from Buy to Neutral after it announced underwhelming Q4 2024 earnings. The analysts highlighted key concerns, including "lower vehicle deliveries, fewer EDV [electric delivery van] deliveries, and worsening macro conditions, including the implementation of incremental tariffs and the likely removal of the $7,500 EV Tax Credit."
Celsius (CELH) Stock Trades Up, Here Is Why
Shares of energy drink company Celsius (NASDAQ:CELH) jumped 39% in the pre-market session after the company delivered exceptional fourth quarter 2024 results, which blew past analysts' EBITDA, EPS, and revenue estimates, suggesting the struggles surrounding its controversy with Pepsi, where it oversold inventory to the behemoth, could be approaching the rearview mirror.
Dropbox (DBX) Stock Trades Down, Here Is Why
Shares of cloud storage and e-signature company Dropbox (Nasdaq: DBX) fell 15.8% in the afternoon session after the company delivered disappointing fourth-quarter 2024 results as customer growth slowed to a crawl. Paying users remained roughly flat year on year but declined sequentially. Revenue edged up slightly from the prior year, with pricing adjustments and foreign currency fluctuations contributing to the sluggish growth.